The marginal revenue function of a company is: I'(x) = 10 – 0.02x Determine: a) The income that will be obtained by selling 200 items. b) The number of units that the company can sell if a price of $ 5.0 is set for each one.

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Contingency Table

A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.

Binomial Distribution

Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.